Eight Reasons Why SGMD is Worth More Than $0.20
Been in
Eight Reasons Why SGMD is Worth More Than $0.20
Been in this stock thru the think and thin, so yaa I am bias but dispute my facts why SGMD worth more than $0.20 – a lot more.
1) There can’t be more than 300MM shares outstanding. The company filed an increase, but announced the cancellation of the meeting yesterday. No meeting = no increase. Good for shareholders.
2) With 300mm shares MAXIMUM the market cap at $0.10 is only $30 million. At $0.15 only $45 mm. Impossible to have dilution above the 30 mm share level without a vote – which was just cancelled. Good for shareholders.
3) They are likely to acquire a revenue stream of more than $30mm in the cannabis space (see the press release and the PR) – add this to SGMD’s revs and it’s at least $37mm a year. At only 1X revenue it’s a $0.123 stock. But, cannabis companies that are growing trade at more than at a LOT MORE than 1X sales. Kush Bottle (KSHB) had revenues of $4.7mm last Q – that’s $19 mm annualized. That means KSHB trades at 11X revenue for a total value of 58million. If we use 11X SGMD revs after the acquisition SGMD market value would be $407 million. This means SGMD would be $1.35 if it trades at a comparable value to KSHB. Good for shareholders, bad if you waited to buy SGMD.
4) Sugarmade will be a lot bigger than KSHB, in fact the largest supplier to the cannabis industry, just in time for California legalization. Good for SGMD shareholders. SGMD is in the think of the Calif legalization with headquarters in LA.
5) SGMD also has the Sriracha relationship. A license agreement with the real Sriracha company - the people with the green cap. www.Srirachastix.com. Read articles on the Internet. Huy Fong Foods rarely license. CEO Chan got a license – what a stud. Good for SGMD shareholders.
6) According to management business is booming at SGMD. The recent SEC filing states relative to the Sriracha products “Sugarmade’s e-commerce capabilities have also recently significantly expand
It's only $, play at ur own risk.
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